All owners of gold, currency, cars and housing must pay taxes? – Tejarat News
According to Tejarat News, according to Article 4 of this plan, all non-commercial persons in all regions of the country – even free and special economic zones – are subject to capital gains tax.
In the text of this plan, it is stated that all non-commercial persons “transferors” or “assignors” regarding the transfer of the following assets, in all regions of the country, including commercial-industrial and special economic zones, are subject to capital gains tax.
1- Real estate with various uses and the right to assign the place
2- All types of vehicles with personal license plates subject to numbering regulations
3- All kinds of gold, silver, platinum and jewelry
4- Types of currency
5- Types of currency and property codes
Based on this plan, it seems that all financial market transactions will be subject to direct tax. However, Mohammadreza Pour Ebrahimi, the head of the economic commission of the parliament, says that the details of this plan are such that the tax paid will not affect more than 99% of the people, and only traders and speculators should pay capital gains tax.
Although the Chairman of the Parliament’s Economic Commission did not explain much about the capital gains tax plan, he pointed out some points. According to Ebrahimi, in this plan, there are minimums that are not subject to capital gains tax.
Among other things, each family can have as many personal cars or residential units as its members without this number being subject to capital gains tax. For example, a family of four can have four personal cars or four residential units without these assets being taxed.
What is the condition of tax exemption for holders of gold and currency?
This member of parliament also gave clarifications about the tax on gold and foreign currency and said: Regarding the issue of buying foreign currency in this plan, we have said that it will not have any basis for a period of three years, while in relation to currency, we have said that if a person has a foreign currency deposit, he is exempt. Even the interest of foreign currency deposit will be given to him.
This probably means that people who make their annual dollar quota are tax-free for up to three years, and even if they have a foreign currency deposit account, not only do they not pay any tax, but they are also paid interest on the deposit.
Regarding the tax on gold, it has been decided that the tax exemption will be up to 150 grams of gold, and the amount above that will be subject to capital gains tax.
According to this member of parliament, the tax plan on financial markets such as gold and coins, cars and housing is not intended to target ordinary people and is only intended to include traders and dealers.
But this plan has many uncertainties. It is not clear what the criteria for taxing cryptocurrency traders is, or how the government is going to determine how many grams of gold or how many dollars each person has bought so that the excess is taxed.
Many believe that this parliament tax plan, like many other tax plans, does not have an implementation guarantee and that the buyers of the capital markets cannot be taxed.